Yellow cars are solid gold… in the used car market.
A new report from iSeeCars has determined which color vehicles hold their value the best, and the more colorful the better.
Well, usually.
The study looked at 1.3 million transactions of three-year-old cars and trucks sorted by color to determine their depreciation.
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Buyers of high-end models like the Chevrolet Corvette are more likely to order them in bright colors. (Chevrolet)
Yellow vehicles lost just 13.5% of their value during the period, compared to an average of 22.5%.
It often tops the list, but not just because people like cheery bright cars.
The Nissan Z sports car's signature color is yellow. (Nissan)
It's actually the least common car color in the U.S., accounting for just 1% of sales, which makes it a rarity on the used car market.
"Yellow cars continue to represent the greatest disparity between how many are produced and how many people want one," iSeeCars executive analyst Karl Brauer said.
"While not many people want a yellow car, there are clearly more people who want one than exist, which is why yellow performs so well on the secondary market."
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The once-ubiquitous beige finished second on the list at 17.8%, which reflects its recent shift toward becoming a niche color.
Black is one of the most common automobile colors. (Ford)
It was followed by orange, green and red, while black, brown and actual gold were the three worst performers, the last of which saw an average depreciation of 25.9%.
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"It’s interesting to see how color rankings change across vehicle segments, reflecting the shift in preference based on the type of vehicle someone is buying," Brauer said. "Even more interesting is the consistently low ranking of supposedly popular colors like black and silver."
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June 13, 2023 at 11:51PM
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Here's why buying a yellow car might be a bright idea - Fox News
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